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Go Beyond the Sale
Se 130
17
Marketing
11th Grade
02/19/2014

Additional Marketing Flashcards

 


 

Cards

Term
Advertising
Definition
Any paid form of non-personal presentation of ideas, images, goods, or services
Term
Credit
Definition
The arrangement by which businesses or individuals can purchase now and pay later
Term
Customer Feedback
Definition
Evaluative or corrective information given by the customer to the salesperson
Term
Customer Loyalty
Definition
The customer’s preference for a business; usually expressed in regular purchases from the business
Term
Customer Satisfaction
Definition
A measure of how well a business has met its customers’ expectations
Term
Customer Service
Definition
Activities and benefits provided by a business to its customers to create goodwill and customer satisfaction
Term
Customers
Definition
The people who buy goods and services
Term
Profit
Definition
Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid
Term
Prospect
Definition
Any person or business with the potential to purchase a good, service, or idea; qualified lead
Term
Repeat Business
Definition
Customers who continue to buy from a company, salesperson, etc
Term
Reputation
Definition
A person’s or business’s good name; quality of character
Term
Sales
Definition
A career that involves responding to consumer needs and wants through planned, personalized communications intended to influence purchase decisions and ensure satisfaction
Term
Sales Close
Definition
The point in a sales presentation at which the customer makes a favorable buying decision
Term
Sales Presentation
Definition
The sales procedure in which the salesperson shows the customer the benefits of the product’s features; includes the sales dialogue and product demonstration
Term
Salesperson
Definition
An individual employed to advance and/or facilitate the exchange of a good or service
Term
Suggestion Selling
Definition
A sales technique in which the salesperson attempts to increase the customer’s purchase by recommending additional items after the original decision to buy has been made
Term
Warranty
Definition
A promise made by the seller to the consumer that the seller will repair or replace a product that does not perform as expected
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